Klondex Mines Ltd. (KDX) Receives Average Rating of “Hold” from Brokerages
Shares of Klondex Mines Ltd. (TSE:KDX) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$7.00.
A number of research firms have weighed in on KDX. Scotiabank reaffirmed a “sector perform” rating and set a C$8.00 target price on shares of Klondex Mines in a research note on Monday, November 7th. Canaccord Genuity reduced their price objective on shares of Klondex Mines from C$8.00 to C$7.50 in a research note on Monday, October 24th. CIBC assumed coverage on shares of Klondex Mines in a research note on Friday, September 30th. They issued a “sector perform” rating and a C$8.00 price objective on the stock. Dundee Securities boosted their price objective on shares of Klondex Mines from C$5.50 to C$8.25 in a research note on Thursday, September 15th. Finally, Royal Bank Of Canada boosted their price objective on shares of Klondex Mines from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a research note on Thursday, September 15th.
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Klondex Mines (TSE:KDX) opened at 6.42 on Wednesday. The company has a market cap of $958.62 million and a PE ratio of 49.38. The firm’s 50-day moving average price is $6.92 and its 200-day moving average price is $6.10. Klondex Mines has a 12-month low of $2.56 and a 12-month high of $7.95.
Klondex Mines Company Profile
Klondex Mines Ltd. is a Canada-based gold and silver mining company. The Company is focused on exploration, development and production of its approximately two gold and silver projects in north central Nevada, such as the Fire Creek mine located in Lander County, Nevada (the Fire Creek Mine or the Fire Creek Project), and the Midas mine (the Midas Mine) and ore milling facility located in Nevada (together with the Midas Mine, the Midas Project or Midas).
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